Lunch & Learn : Appraisals – Understanding the Residential Appraisal
We have an event coming up on July 16th 2019 at 12:30 at the Greater Kalamazoo Association of Realtors. Join us for an informative look to better understand the analysis of real property and the residential appraisal process. We will cover things like property condition, required repairs, how to comp properties, and the appraisal dispute process. You can RSVP by emailing bmiller@amerifirst.com.
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S.O.S. SAVE OUR SALE
S.O.S. SAVE OUR SALE: WHAT TO DO WHEN YOUR LENDER STALLS WEEKS BEFORE CLOSING!
Did your mortgage lender suddenly go radio silent, request the same bank statement for the fourth time, or drop a last-minute loan denial right before your scheduled closing date?
Yesterday, a panicked real estate agent called my office from Portage. Their buyer had been under contract for three weeks on a home near Milwood. The closing date sat just nine days away.
Out of nowhere, the buyer’s out-of-state call-center lender issued a denial letter. The call-center underwriter miscalculated self-employment write-offs, panicked over an unpermitted porch repair on the appraisal, and threw the entire transaction into the trash can.